Amazon shares jumped more than 10% in aftermarket trading Thursday, after the e-commerce giant said that Amazon Web Services revenue grew 20.2% to $33 billion in the third quarter, the fastest rate since 2022. While competitors Microsoft and Google have much smaller cloud businesses than AWS, ... Read more ›
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Italian conglomerate Bending Spoons, which said Wednesday it would buy AOL, said Thursday it had raised $2.8 billion in debt and $270 million in new equity. The equity raising valued the company at $11 billion, excluding the new money. The borrowing will cover both the cost of the AOL deal ... Read more ›
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NBCUniversal’s Peacock streaming service appears to be stalled. The service’s subscribers were flat at 41 million in the third quarter, NBCU’s parent company Comcast reported on Thursday. NBCU reported the same subscriber number for the first half of the year. Comcast president Michael ... Read more ›
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It’s hard to find a leader in tech and finance who isn’t feverishly figuring out how to implement artificial intelligence in their company. At The Information’s Women in Tech, Media and Finance conference, executives said their use of AI had gone well beyond experimentation, changing the kind and number of employees they hire, how they reach new customers—and how they manage their businesses. “Your job is not to work 9-9-6.... Read more ›
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Meta Platforms is planning to sell at least $25 billion of corporate bonds on Thursday and has received orders for about $125 billion for the sale, Bloomberg reported. The outsized demand could give Meta leverage to increase the size of the bond issue or negotiate better terms with investors. ... Read more ›
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About half of subscribers to The Information who responded to our latest survey said they bought or sold cryptocurrency, crypto exchange-traded funds or crypto treasury stocks in the past three months. Notably, more of our readers are buying than selling: 47% of all respondents said they bought crypto or something related in the past three months, while just 25% said they sold. The survey’s findings are based on 528 responses. Read more ›
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Travel software company Navan’s initial public offering struggled Thursday with shares falling by more than 15%. The offering was priced at $25 a share and the company raised $923 million. The startup was valued at $6.2 billion in the IPO, roughly $3 billion less than where private investors ... Read more ›
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Microsoft shared some good and bad news with investors during its quarterly earnings call Wednesday: More customers have been using Microsoft’s suite of AI copilots, but many of them aren’t paying for it. Microsoft said more people are using Copilot Chat, which provides ChatGPT-like features to Office 365 subscribers for free (more advanced features are priced on a pay-as-you-go basis). Copilot Chat is a more price-flexible version of Microsoft’s flagship... Read more ›
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Elon Musk’s SpaceX said Thursday that it’s considering changing unspecified parts of its plan to land U.S. astronauts on the Moon after the head of NASA said the company is “behind schedule” and said the agency would consider alternative bids. SpaceX first won the contract in 2021 to provide the ... Read more ›
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Shareholders in data center developer Core Scientific voted down a $9 billion sale to cloud provider CoreWeave, ending a deal that CoreWeave pitched as key to lowering the costs of its debt-heavy business model. Core Scientific said Thursday it terminated the merger agreement with CoreWeave ... Read more ›
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At our Women in Tech, Media and Finance conference Wednesday, AI leaders from Microsoft, PagerDuty and Index Ventures got into the nitty gritty of what it’s like to invest in, develop, buy and use AI products. Our top takeaways.1. Not everyone’s a fan of vibe coding. Lucy Guo, the CEO of creator startup Passes and a cofounder of data labeling firm Scale AI, said that she’s met companies that claim... Read more ›
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Chinese tech giant Tencent Holdings is investing in artificial intelligence agent Genspark in a funding round that values the startup at more than $1 billion, according to two people with knowledge of the matter. Genspark, based in Singapore and Palo Alto, is the latest addition to Tencent’s ... Read more ›
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Elon Musk has already dampened expectations for when Tesla will widely roll out its robotaxi service, which the CEO says is critical to the automaker’s future. But it’s questionable whether Tesla will even be able to hit the lowball expansion figures Musk disclosed to Tesla shareholders last week. Tesla has yet to complete all the paperwork necessary to start offering Robotaxi rides in Arizona and Nevada, two of the three... Read more ›
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A major staff reorganization at YouTube on Wednesday in part reflects the growing importance of subscriptions to the streaming service’s business, a top executive from the video juggernaut said on Wednesday. Subscriptions are “a major monetization driver, so that deserves the attention of a senior leader reporting into [YouTube CEO] Neal [Mohan],” said Mary Ellen Coe, YouTube’s chief business officer, at The Information’s Women in Tech, Media and Finance conference. Read more ›
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Mark Zuckerberg is doubling down on AI—again. And the cost is mounting. Meta Platforms reported Wednesday that its increased investment in AI, both for hiring star AI researchers and for investing billions in data centers, hurt its operating profit margins and squeezed its free cash flow by one-third in the third quarter. Since the end of last year, Meta’s cash balance has fallen 43%. And yet Zuckerberg said Wednesday evening... Read more ›
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YouTube announced a “voluntary exit program” allowing eligible employees in the U.S. to choose to leave the company with severance, Neal Mohan said in a memo to employees on Wednesday. Mohan also announced a reorganization that combines YouTube’s product teams into three umbrella organizations ... Read more ›
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Meta Platforms reported a 26% increase in its third-quarter revenue that exceeded its own forecasts for the period. But the company also saw a 32% increase in its costs as it spent heavily to recruit superstar artificial intelligence researchers and operate its growing fleet of data centers. The ... Read more ›
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Microsoft revenue grew 18% to $77.7 billion in the three months ending in September, the same rate of growth as the June quarter, the company said Wednesday. Revenue growth stayed flat despite Azure cloud-server rental revenue rising 40% during the September quarter—3 percentage points higher ... Read more ›
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Google’s revenue from renting out cloud servers rose 34% in the September quarter compared to the same period last year, powering faster revenue growth at its holding company, Alphabet. The result, in part due to its cloud sales to artificial intelligence developers, gives the company more cover ... Read more ›
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Sophie Boulanger, the CEO of SRTX, the Canadian manufacturer of Sheertex tights, has stepped down after less than two months on the job, according to a company spokesperson. SRTX has begun a formal strategic review of its business that could lead to a sale or recapitalization, the spokesperson ... Read more ›
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15.03.2026 22:48
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